The deal represents the latest in a series of acquisitions over the past two years, as the New York hotel market continues to recover from the crash.

Ben Thypin, director of market analysis at Real Capital Analytics, said he expects to see additional interest from investors.

“There’s only so many high-end hotels [like Park Central] near Central Park out there,” Thypin said. “Hotels like this are going to continue to see a lot of interest both from investors and travelers.”

Ben Carlos Thypin

I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.